A firm is expected to pay a dividend of $5.00 next year and $5.75 the following year. Financial analysts believe the stock will be at their price target of $175 in two years. Compute the value of the stock with a required return of 19%. (Round your answer to 2 decimal places. Do not include a dollar sign.)

Alaska king crab fishing in the 1960s and '70s was a dangerous but rich fishery. boats from as far away as california and japan braved the treacherous gulf of alaska crossing to reach the abundant king crab beds in cook inlet and bristol bay. suddenly, in the early 1980s, the fishery crashed due to over fishing. all crabbing in those areas ended. to this day, there is no crabbing in bristol bay or cook inlet. a. how would an economist explain the decline of the alaska king crab fishery